CAN IMPERIAL BK OF COMMERCE (CM.CA) Stock Technical Analysis
TSX:CM - Toronto Stock Exchange - CA1360691010 - Common Stock - Currency: CAD
Overall CM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CM is one of the better performing stocks in the market, outperforming 83% of all stocks.
CM is one of the better performing stocks in the Banks industry, it outperforms 96% of 29 stocks in the same industry.
CM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CM is lagging the market slightly.
CM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CM has an average volume of 3533610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CM has a been trading in a tight range between 91.60 and 96.45.
Besides having an excellent technical rating, CM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 92.60, a Stop Loss order could be placed below this zone.
More info and screens
78.50
96.33
When analyzing the support we can see 4 important areas.
- Support @92.60 from a horizontal line in the daily time frame.
- A support zone ranging from 87.11 to 89.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @82.98 from a trend line in the weekly time frame.
- Support @79.29 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 93.29 to 95.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CM.CA is up. |
| ChartMill Relative Strength | 83.16 | POSITIVE | CM.CA has a high relative strength, it outperformed 83.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CM.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.69 | NEUTRAL | The RSI value for CM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests CM.CA has a negative trend. |
| Stochastics (14,3) | 15.82 | OVERSOLD | The low Stochastics value suggests CM.CA may be oversold. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for CM.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 47.62 | POSITIVE | The high ADX value value for CM.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 93.30 | 92.59 | 0.71 (0.77%) | 25.00% |
| An entry @93.30. This is a Buy Stop order right above the 10 day moving average. | An exit @92.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.71 points, which is 0.77%. | For a 0.19% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:CM (6/13/2025, 7:00:00 PM)
92.61
-0.32 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.34%
1 Week-1.73%
2 Weeks-0.88%
1 Month0.9%
3 Month14.72%
6 Month-1.69%
12 Month41.8%
2 Year63.74%
3 Year48.15%
5 Year104.12%
10 Year101.17%
15 Year180.04%
Volatility
ATR(14)1.06
ATR(20)%1.18%
ATR Inc-33.48%
Range Today0.9
ADR(20)1.07
ADR(20)%1.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.16
Mansfield0.63
10 Day High94.54
10 Day Low91.94
20 Day High96.45
20 Day Low91.6
52 Week High96.45
52 Week Low64.63
CS1 End92.6
CR1 Start93.29
Volume & EV
DER(3)-0.81%
DER(5)-0.03%
Volume3.04M
Volume Incr-12.13%
Vol(5)2.50M
Vol(50)3.53M